UPSTAR MLS Releases June Housing Market Report

July 14, 2016

Today, the Upstate Alliance of REALTORS® Multiple Listing Service (UPSTAR MLS) released its June 2016 local housing market report. Pending sales increased significantly over last year, which is a good indicator of Closed Sales statistics for July. Comparing last month’s figures to the same timeframe in 2015, the leading market indicators are as follows:

  • New Listings increased 6.8 percent to 1,126.
  • Pending Sales were up 18.8 percent to 918.
  • Closed Sales decreased 4.5 percent to 812.
  • Inventory levels shrank 25.1 percent to 1,920 units.
  • The Median Sales Price increased 5.6 percent to $131,950.
  • Percent of Original List Price Received increased 1.6 percent to 96.5.
  • Months Supply of Inventory was down 30.0 percent to 2.8 months.

The data from the June 2016 Monthly Indicators report tells consumers how the northeastern Indiana housing market is performing according to nine different indicators with comparisons to 2014 and 2015. To view the full Market report as well as the second quarter 2016 Foreclosure Report and other housing statistics and archives, visit http://upstarindiana.com/housing-market-stats. This Web page also includes market reports broken down by county in the UPSTAR MLS primary coverage area, which includes the counties of Adams, Allen, DeKalb, Huntington, Noble, Wells and Whitley.

ABOUT UPSTAR MLS
The Upstate Alliance of REALTORS® Multiple Listing Service Inc., a subsidiary of Upstate Alliance of REALTORS®, serves area real estate professionals and the community by providing up-to-date listings of area homes for sale. The statistics are based on Residential Single Family listings and sales as reported to the Indiana Regional Multiple Listing Service (IRMLS), which may not reflect all real estate activity in the market. The primary coverage area of the UPSTAR MLS includes Allen, Whitley, Huntington, Adams, Wells, DeKalb, and Noble Counties, however listings from other surrounding counties may also be entered in the UPSTAR MLS and therefore are included in the MLS-wide statistics. UPSTAR MLS is a local multiple listing service participating in the Indiana Regional MLS.


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